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9/19/2018

Maximize your learning by avoiding shortcuts and trying new things, especially in areas that you typically avoid, writes Jesse Sostrin. "When you look for the easy way, you'll save some time -- but the lack of learning and growth will ultimately limit your progress," he writes.

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Jesse Sostrin
9/19/2018

Pioneer Natural Resources has bought a 15-year stake in US Silica Holdings' Permian Basin sand mine in Lamesa, Texas, in return for access to sand supplies at roughly half the price Pioneer currently pays. The first sand delivery is slated for the first quarter of next year, with volumes expected to reach at least 2 million tons annually by 2020.

9/19/2018

China's decision to levy a 10% tariff on US liquefied natural gas will likely prompt Chinese buyers to look at other sellers, possibly affecting the ability of US LNG companies to negotiate long-term contracts, experts say. However, the 10% tariff is lower than China's originally planned 25% levy, "a signal to the market that China was acknowledging how dependent they are on imported LNG, and imported U.S. LNG," says Height Securities analyst Katie Bays.

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Morningstar
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Height Securities
9/19/2018

US crude stockpiles rose by 1.25 million barrels last week, while gasoline supplies were down 1.49 million barrels and distillate inventories gained 1.54 million barrels, according to the American Petroleum Institute.

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MarketWatch
9/19/2018

Deliveries of US liquefied natural gas to China are slowing down amid mounting trade tensions between the two countries, with only four vessels going to China since June, down from 17 in the first five months of 2018. China was expected to import 141.6 billion cubic feet of US LNG this year, but the actual figure will likely be less than 100 billion cubic feet.

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Reuters
9/19/2018

The Interior Department's Bureau of Land Management formally rolled back an Obama-era regulation curbing methane leaks from oil and natural gas drilling on publicly owned land. The department says the move would save the industry up to $2.08 billion over a decade.

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The Hill
9/19/2018

Alliant Energy has set a new goal to divest from coal by 2050 and will do so, in part, by investing $2 billion in new renewable energy projects, including six new wind farms. "Through this new construction and additional purchase agreements, the company's energy portfolio will have more than 2,700 megawatts of wind power by 2021," it said.

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Daily Energy Insider
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Alliant Energy
9/19/2018

Boston University has agreed to purchase wind energy from an undisclosed project in South Dakota for 15 years, beginning in 2020. The deal supports the university's plan to bring its carbon emissions to zero by 2040.

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The Associated Press
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Boston University
9/19/2018

Xcel Energy Colorado kicked off operations at the 300-turbine, 600-megawatt Rush Creek Wind Project in Colorado on Tuesday. The project will contribute $180 million in payments to landowners and the five counties it's situated on.

9/19/2018

Global Infrastructure Partners has agreed to buy a 50% stake in Orsted's 1,218-megawatt Hornsea 1 offshore wind farm under development in England's North Sea. It is expected to begin operations in 2020.

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Reuters